1
|
NAME OF REPORTING PERSON
Karpus Investment Management
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
WC
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
1,544,195
|
|
8
|
SHARED VOTING POWER
0
|
||
9
|
SOLE DISPOSITIVE POWER
1,604,195
|
||
10
|
SHARED DISPOSITIVE POWER
0
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,604,195
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
16.29%
|
||
14
|
TYPE OF REPORTING PERSON
IA
|
1
|
NAME OF REPORTING PERSON
George W. Karpus
|
||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC USE ONLY
|
||
4
|
SOURCE OF FUNDS
WC, PF
|
||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
|
¨
|
|
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
|
||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
38,050
*
|
|
8
|
SHARED VOTING POWER
21,151
*
|
||
9
|
SOLE DISPOSITIVE POWER
38,050
*
|
||
10
|
SHARED DISPOSITIVE POWER
21,151
*
|
||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,201
*
|
||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
o
|
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1%
|
||
14
|
TYPE OF REPORTING PERSON
IN
|
Item 2.
|
Identity and Background.
|
Item 3.
|
Source and Amount of Funds or Other Consideration.
|
Item 4.
|
Purpose of Transaction.
|
Item 5.
|
Interest in Securities of the Issuer.
|
A
..
|
Karpus Investment Management
|
|
(a)
|
As of the close of business on
February 06, 2020
,
Karpus Investment Management
beneficially owned
1,604,195
Shares held in the Accounts.
|
|
(b)
|
1. Sole power to vote or direct vote:
1,544,195
|
|
2. Shared power to vote or direct vote:
0
|
|
3. Sole power to dispose or direct the disposition:
1,604,195
|
|
4. Shared power to dispose or direct the disposition:
0
|
|
(c)
|
The transactions in the Shares by
Karpus Investment Management
over the last 60 days are set forth in Schedule B and incorporated herein by reference.
|
B
..
|
George W. Karpus
|
|
(a)
|
As of the close of business on
February 06, 2020
,
George W. Karpus
beneficially owned
38,050
Shares. In addition,
George W. Karpus
may be deemed to beneficially own the
21,151
Shares held in the Karpus Entities.
|
|
(b)
|
1. Sole power to vote or direct vote:
38,050
|
|
2. Shared power to vote or direct vote:
21,151
|
|
3. Sole power to dispose or direct the disposition:
38,050
|
|
4. Shared power to dispose or direct the disposition:
21,151
|
|
(c)
|
Transactions in the Shares for George W. Karpus and the Karpus Entities for the past 60 days are set forth in Schedule B and incorporated herein by reference.
|
Item 6.
|
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer..
|
Item 7.
|
Materials to be Filed as Exhibits..
|
KARPUS MANAGEMENT, INC.
|
|||
By:
|
/s/ Jodi Hedberg
|
||
Name:
|
Jodi Hedberg
|
||
Title:
|
Chief Compliance Officer
|
Name
|
Position & Present Principal Occupation
|
Business Address
|
Shares Owned
|
George W. Karpus
|
President, CEO, and Chairman of the Board
|
183 Sully’s Trail, Pittsford, New York 14534
|
See Above
|
Kathleen Finnerty Crane
|
Chief Financial Officer
|
183 Sully’s Trail, Pittsford, New York 14534
|
65
Shares
|
Dana R. Consler
|
Executive Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
400
Shares
|
Thomas M. Duffy
|
Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Sharon L. Thornton
|
Executive Vice President
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Daniel L. Lippincott, CFA
|
Sr. Tax-Sensitive Manager and Director of Investment Personnel
|
183 Sully’s Trail, Pittsford, New York 14534
|
0
Shares
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Sale of Shares
|
(50)
|
$25.50
|
11/15/2019
|
Sale of Shares
|
(176)
|
$25.53
|
11/19/2019
|
Purchase of Shares
|
900
|
$25.51
|
11/20/2019
|
Purchase of Shares
|
2,050
|
$25.58
|
11/21/2019
|
Purchase of Shares
|
1
|
$25.45
|
11/22/2019
|
Sale of Shares
|
(24,608)
|
$25.50
|
11/25/2019
|
Sale of Shares
|
(135)
|
$25.49
|
11/26/2019
|
Sale of Shares
|
(10)
|
$25.42
|
11/27/2019
|
Sale of Shares
|
(275)
|
$25.49
|
11/29/2019
|
Purchase of Shares
|
200
|
$25.48
|
12/4/2019
|
Sale of Shares
|
(10)
|
$25.70
|
12/11/2019
|
Sale of Shares
|
(1,470)
|
$25.55
|
12/16/2019
|
Sale of Shares
|
(401)
|
$25.35
|
12/17/2019
|
Purchase of Shares
|
200
|
$25.64
|
12/18/2019
|
Purchase of Shares
|
230
|
$25.52
|
12/19/2019
|
Purchase of Shares
|
310
|
$25.56
|
12/23/2019
|
Purchase of Shares
|
2,500
|
$25.67
|
12/30/2019
|
Purchase of Shares
|
3,100
|
$25.73
|
1/2/2020
|
Purchase of Shares
|
4,420
|
$25.75
|
1/3/2020
|
Purchase of Shares
|
525
|
$25.68
|
1/6/2020
|
Sale of Shares
|
(6)
|
$26.16
|
1/7/2020
|
Sale of Shares
|
(1,500)
|
$25.64
|
1/8/2020
|
Sale of Shares
|
(5,250)
|
$25.58
|
1/9/2020
|
Sale of Shares
|
(833)
|
$25.67
|
1/10/2020
|
Sale of Shares
|
(90)
|
$25.75
|
1/13/2020
|
Purchase of Shares
|
400
|
$25.82
|
1/14/2020
|
Purchase of Shares
|
300
|
$25.55
|
1/17/2020
|
Sale of Shares
|
(20)
|
$25.65
|
1/28/2020
|
Sale of Shares
|
(30)
|
$25.56
|
1/30/2020
|
Purchase of Shares
|
360,000
|
$24.80
|
2/6/2020
|
|
|
|
|
|
|
|
|
Nature of the Transaction
|
Securities
Purchased/(Sold)
|
Price Per
Share($)
|
Date of
Purchase / Sale
|
Purchase of Shares
|
6,000
|
$24.80
|
2/6/2020
|